3. Volkswagen goes electric: Shares in Volkswagen(VLKPY) opened 2% higher in Frankfurt after the automaker announced plans to spend, together with a local partner, $ 12 billion on electric cars in China.

China is Volkswagen’s biggest single market. The company delivered 303,800 vehicles in the country in October, an annual increase of 9.2%.

4. Stock market movers:Cisco Systems(CSCO, Tech30) shares were higher in extended trading after the company said it expects revenue to jump after two years of declines.

5. Earnings and economics:Best Buy(BBY), J.M. Smucker(SJM), Viacom(VIAB) and Wal-Mart(WMT) will release their earnings before the open, while Gap(GPS), Haynes Intl(HAYN) and Williams-Sonoma(WSM) will follow after the close.

The Bank of England is holding a forum in Liverpool. Officials will discus the state of the U.K. economy and how the central bank’s policies affect Britons.